Global Airlines is a new UK-based airline startup that intends to fly Airbus A380s on transatlantic routes. The whole concept seemed kind of fake, except for the fact that the airline has now purchased an A380. Well, there’s now a noteworthy development for the airline…
Continue reading: A380 Startup Global Airlines Appoints Chief Commercial Officer
Share your questions, experiences, and thoughts below.
"in the US we used to have Baltia Airlines"
And you're quoted on their wiki page lol
Well, the wiki page with the new name USGlobal Airways...
https://en.wikipedia.org/wiki/USGlobal_Airways
This is clearly a complete nonsense. Somebody needs to ask James Asquith how much capital he is committing to this, um, airline.
Appointing a communications person makes perfect sense when you consider they're a marketing company (marketing themselves to investors) not yet (or ever) an airline.
Starting an airline with an a/c very few airlines have found profitable to fly sounds like a scam to me in the fact it's an almost 100% failure. There's a reason why ULLCs don't buy huge jumbo jets and jam them with 800 seats and $59 fares.
Apparently fly he has recently managed to raise 60 million $ from investors for this airline. And before the at many more millions for his other venture, HolidaySwap.
If people are dumb enough to "invest" in jpegs and lines of code they dont actually own or control (cryptos lol) then they are dumb enough to invest in this.
I didn't realise it was James Asquith behind all of this. That gives it even less legitimacy. If you've ever followed along with his Instagram, you wouldn't want to get on one of his planes. His daily reliance on alcohol is frightening.
Brian Kelly would make a better airline CEO.
Sure, but the question remains, how much of his own money is he putting into this (share capital, not loans). Skin-in-the-game and all that.
The Global Airlines Instagram account already has 447k followers. That's enough to convince me to invest all my savings.
Netflix fauxumentaries have been taking the grifters' side lately. So I would expect it to present James Asquith as a gentle visionary whose dream of a more equitable, inclusive, and [other buzzwords] air industry was cravenly thwarted by shadowy institutional [buzzwords]. Or something.
Instagram bro hires an Instagram bro. Which is what "in charge of strategic communications" translates to. Should be interesting; I'll make popcorn.
Well, all these A380s that nobody wants are apparently currently going cheap.
At some stage (E.g. major drop in oil prices after Ukraine war ends) it is conceivable that an existing airline will work out that it makes sense to use them, or an experienced CEO to set up a new airline doing so.
I am somewhat surprised that BA has not bought more to relieve capacity constraints (especially if the third runway at Heathrow is cancelled)
Then owning an A380 or a few might offer an opportunity to sell them to the operator who decides to beef up their fleet?
It used to be the account oof a Turkish plane spotter they seems to have bought his account for the follower counter and aviation theme and changed the name
I too would have expected A380s to be the ideal solution to the slot restrictions, ATC shortages, and politicians putting flight caps on airports. After all, this is the very use case that Airbus foresaw when they designed the A380. Granted, the A380 isn't the most efficient bird in the sky so this wouldn't be a long term solution, but it would be a quick way to overcome today's challenges at LHR, JFK, AMS, etc.
That said, airlines know what they're doing. If my idea were valid they would already be doing it. What am I missing?
the airline already got 447k followers on IG. So at least that job is well done so far.
I'm amazed that a Paul Stoddart or Tony Fernandes type hasn't taken a chance on a few A380's to run from the UK to MCO in the summer, Hajj charters in the autumn and maintenance over the winter. With the current US push to relaunch foreign tourism I'm sure there would be deals to be done.
Reads like a lot of opinion based on a small bit of fact. Still early days, to be continued...
The idea is obvious.
It was promoted for long time on Linkedin by well known top Russian aviation expert Oleg E.
The only challenge is investors.
Most of them are dumb and not able to understand even simple math.
With the price less than M70$ economy of A380 is perfect.
And 2nd hand A380's are much cheaper now..
Communications needed to keep the scam going, when's the netflix out?
What qualifications does James Asquith have to run and airline? He is always "slamming" champagne so I doubt he knows what his name is most of the time.
Fair play on the scam.
The passenger aviation marvel that is A380 is already being retired by Airlines before life expectancy for the simple reason of high operating cost whose biggest component is fuel consumption. But i see a salvation in an undiscovered game changer in possession of RollsRoyce who ironically could have manufactured some of A380's jet engines. It is a 2.5 M.W. rated generator for future hybrid aircrafts designed to be coupled to AE2100 turbo shaft engine. Since it's debuted in July 2021 to the best of my knowledge no one has tried to figure out if it can power A380 jet engine by retrofit since the latter's 70k pound thrust rating/for each of the 4 engines, after my rudimentary calculations is only 1/25 that of PGS1 power rating. Challenge is how to renewably power PGS1. The answer is for another correspondence due space constraints here.
Well, apparently, according to company records, Global Airlines was already established in 2021, with 1 employee, resumed to be James Asquith.
The company held assets worth £100 ($123.47) at that time. Apparently, the majority of shares were transferred/allocated to holiday swap, which now, it appears, is the holding company with James Asquith holding only a few percent of the stock. One would suppose that move to help purchase the aircrafts by leveraging the apparent holiday swap evaluation at 400m USD.
A380s Global Airlines seems to go for are 15 years old and older and could possibly be picked up for 30-40m USD a pop, such as their current, 2008 delivered former Singapore Airlines, then Hi Fly Malta leased, A380-800. At that price tag it seems to be great value, but be assured, with most of them out of Annual (Global Airlines first hd been retired in 2020 and parked since) and probably loads of ADs on backlog, add the costs for modifications, upgrades to Global Airline specifications etc. The add on post purchase costs will be way higher that the original purchase prices. I'd estimate the costs to get those 4 aircraft to lunch next spring and be operational at about 750m USD minimum.
On my personal and humble opinion, unless James Asquith has a massive joker up his sleeve, there is no business case here, but a lot of publicity to be gained at the cost of the A380 purchase and it Global paint job. The aircraft is still parked at it's last base in Malta. As of 5th July 2023, Global airlines apparently bought another 3 A380-800.
I'd skip the possible early bird risk bonus on this one and may be would join at the C-Round, if there ever is any coming the public way.
(Information given here is all available PD if one looks a little closer)